Subject to regulatory approval, Converteam is to be sold to GE and integrated into GE Energy as its “centre of excellence” for power conversion.
According to a Converteam statement, the deal will enable it to increase its global reach in a market where critical mass is key to remaining competitive and to seizing new business opportunities in emerging markets such as China, India and Brazil.
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This complete item is approximately 300 words in length, and appeared in the April 2011 issue of WorldCargo News, on page 1. To access this issue download the PDF here.
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